every post in the forum, newest first
I have a property in Canton I bought in 2019 for $147,000, one unit occupied, one vacant, and I have been noodling on whether to sell or keep it. Three people have told me to get…
A deal worth studying: a 240-unit acquisition, $18 million in LP equity, 8 percent preferred return, five year hold. The PPM defined a capital event as any refinancing that return…
Found out because the borrower called me directly, confused about two different numbers she had been given. Servicer said it was a "courtesy outreach." I did not authorize any out…
I am the buyer on this one, which is not my usual seat. Property is a small retail strip in Frederick, Maryland, asking $410,000, and the seller is carrying a new $390,000 wrap at…
Take a 10-unit where every door rents at $900. Gross scheduled rent is $108,000. Before a single repair, a realistic expense ratio on a building this size runs 45 to 50 percent, s…
My guy who runs a three seat shop here in Tucson told me something on Wednesday that I cannot get out of my head. He said the leads he delivers are real but the investor on the ot…
The first thing to get right is custodian selection, and most people do it backwards. They find the property, then scramble to open the account. A custodian that specializes in re…
A deal worth studying: a small commercial building on a lot zoned for a higher-density use, under contract at $480,000. The seller priced it on income from the existing structure.…
Advertised was 14 to 16. I went in knowing that was a projection, so I'm not upset, but 11.2 against my 65 percent LTV entry on the deal still beats what a comparable note would h…
Take a house with no mortgage and a current appraised value of 400,000 dollars. A cash-out refinance at 70 percent loan to value produces 280,000 dollars before closing costs. Tha…
I have seen two offering memos this month where the AM fee stays at 1.25 percent of gross revenue through the whole hold. One deal is a value-add in Stark County, projected 48-mon…
A showing creates a different record than a cold contact, and a CRM that flattens both into "no response" is losing information that actually changes how the follow-up should run.…
Closing on a small marketing shop next month, eight agents on monthly retainer averaging $380, and I keep getting stuck on the same clause buried in their vendor template. The sho…
So I inherited this situation from myself, basically. Bought a 9-room house in Cleveland Heights last March, found a live-in manager through a tenant referral, and never put a sin…
Three bed, 1970s ranch in Downers Grove, school district is genuinely the selling point here, and the photographer gave me five exterior shots before we even get inside, all of th…
I requested a rent increase on a unit in October. The housing authority acknowledged it, sent something about a 60-day review window, and then went silent. I followed up in Decemb…
A case worth studying: a fourplex purchased at 340k, refinanced eighteen months later when the owner needed capital for a second acquisition. The appraiser came back at 390k, whic…
I get that from guys who flip two houses a year and feel like an LP check is giving up control, which I understand because I felt that way too. But then I watched my own Conroe bu…
Bought into a non-traded REIT in 2019, parked about $80k there, thought nothing of it. Then in 2022 I was mid-application on a cash-out refi on my Cleveland fourplex and the lende…
Found the deal through a landlord who'd owned it since 1987 and wanted out before another rent cycle. Rents were running about $180 under market on four of the units, leases month…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
